IDT Australia Ltd FY26 Results and Strategic Reset
Key points
- Revenue from ordinary activities increased by 3.4% to $20,534
- Loss from ordinary activities decreased by 66.3% to $(2,717)
- Strategic reset focused on higher-margin services and cost optimization
- EBITDA improved by over 85% and revenue from core verticals grew by 16.5%
- Set a three-year aspiration to reach $50 million in annual revenue by FY29
Full summary
IDT Australia Ltd's FY26 results show a 3.4% increase in revenue to $20,534, with a significant 66.3% decrease in loss to $(2,717). The company implemented a strategic reset focusing on higher-margin CDMO services, operating leverage, and financial discipline. This resulted in an 85% improvement in EBITDA and a 16.5% growth in revenue from core verticals. The company also achieved better-than-expected annualised savings of $2.5 million. IDT Australia Ltd aims to reach $50 million in annual revenue by FY29, driven by expanding global client relationships and investing in capabilities to meet unmet demand for advanced therapeutics.
Guidance
EBITDA improved by over 85%, revenue from core verticals grew by 16.5%
Outlook
IDT Australia Ltd aims to reach $50 million in annual revenue by FY29, driven by expanding global client relationships and investing in capabilities to meet unmet demand for advanced therapeutics.
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